Encina Lender Finance closed a $300 million credit facility (which includes an accordion feature) for Arena Investors‘ corporate private credit business segment, which provides capital to privately-held companies.
Arena has a track record of providing financing to privately-held businesses and private equity backed middle-market companies, with loan sizes ranging from $10 million to $50 million across a range of industries in the United States. Arena’s corporate direct lending strategy focuses on identifying companies with more than $5 million of EBITDA and enterprise values between $25 million and $250 million. In addition to its ability to structure debt-based instruments, Arena is actively making minority and control equity investments in middle-market companies.
“Arena’s level of expertise, sophistication and track record making cash flow-based loans is impressive,” Luke Graham, CEO of Encina Lender Finance, said. “In addition, the creativity and solutions-oriented focus of the Arena team during the transaction process was exceptional. These traits make them a superb manager and a great partner for middle-market companies. We look forward to working with Scott Gold and his team to help scale their business.”
“The team at Encina very quickly understood the opportunity and provided a compelling, highly flexible and thoughtfully structured leverage facility,” Gold, who is the managing director of corporate private credit at Arena Investors, said. “ELF was able to provide Arena with a leverage facility that makes our product offering that much more compelling.”
